SCHOTT Plans Acquisitions for Long-Term Portfolio Growth

Glass and ceramic materials manufacturer SCHOTT AG has announced plans to grow its U.S. business through acquisition.

“Through new acquisitions, SCHOTT expects to further enhance its offering across a broad range of industries and products," said Jens Schulte, the company's chief financial officer. “We have a long and successful track record integrating acquired companies across the globe and we expect the same results from further U.S. investments.”

SCHOTT is seeking to "evaluate closely" companies with sales up to around €150 million that produce complementary glass types and composites while offering related services that would add value to its portfolio, particularly those operating in the fields of pharmacology and electronic packaging, optical components and materials, lighting components and solutions, and glass powder and fiber.